“All I said was the FED has your back!”
OK, lemme get this straight … “the very people who are responsible for the
“Crash of 2020” … all the OZ figures from the faculty lounge at the FED, BOJ, &
ECB, and are the ones who’ve pumped trillions into a failed financial system, in
order to save hedge funds & Japanese life insurers who are over leveraged to the
hilt of nobody knows, and are on the hook for trillions upon trillions of financial
junk … they’re the ones who are now gonna “solve this mess”? … that
beachfront property I got in Kansas looks better by the day!
And so last night the financial world held its collective breath to see if we were
gonna get “coordinated intervention” to save mankind ...nope, just words from
dopes … and with the proverbial “cat out of the bag”, and another night of the
DOW30 going 1,000+ index points full retard, WTF do they think is gonna happen
“if / when” they get around to MOAR! QE? … and somehow, people place faith
in these dopes? … why? … “how F-ing stupid do you have to be to place faith in
a FED official, whose only job is to answer to the global elites and fuck you”?
… that people can actually think these morons can solve anything? ...seriously,
call me about that beachfront property now before it’s too late and you miss out!
Right from the open last night, things got “chaotic” rather quickly, with daily
ranges, bid/offer spreads, and market manic moves, going full kitten retard in all
markets … take your pick, they all were a joke … you couldn’t trade if you wanted
to, unless you like handing FREE MONEY to scumbag LP banks … 2 hours in,
and everything blown sky high, nothing really left for Europe to do except chop
around … now the sun rising in Gotham, and lo & behold all the gains in stock
indices have gone “buh bye” … gold? … hell, gold had a $30 range before China
ever opened! … since then some major chop, but holding above 1600 for now
… “be wary … be VERY wary of “century marks” in gold, cuz dopey retail specs
love to put their sell stops just under ‘em … and who loves to go get ‘em?
And like I suspected when seeing the kind of range overnight when New York
comes in at sunrise, kiss the baby goodnight cuz it’s gonna be a totally different
story when the Wall Street “Criminals” [yes you JPM] get to their gold trading
desks … and since then, about 8 hours ago, it’s nothing but the “Flying Wedge
of Death” [FWD], bobbing up/down and taking stops to pieces along the way
with some wicked M1’s along the way that go nowhere … there only purpose is
to screw you on your stop if you had one in the market … amazing coincidence,
don’tchathink?
Meanwhile, news that central banker scum will be meeting with Finance Minister
G-7 scum on Wednesday the 4th I believe, has sent the stock indices sky
rocketing … “cuz you know, cutting rates to “0” will surely wipe out the
coronavirus” … all according to plan, cuz it’s “anything & everything” to get
rates to “0” by 2024 before the U.S. defaults … “right, you actually pay them to
hold your money while they inflate it away to fucking Zilch over time! … where
do I sign up”?
I released the new e-book yesterday, and those that received it and “put the
trading algorithm to work” today, have seen in spades, just how effective it is in
whatever market it is your trading … scanning some markets today from
USDJPY, NDX100, to gold of course, to AUDUSD & AUDJPY, and everything in
between, it has worked and provided profits!
This is the 5th day in a row, the DOW30 has had a daily range above 1,000 index
points, and the entire stock indices space is one gigantic mess when it comes to
bid/offer spreads, no doubt slippage, and eye watering moves in seconds
… nowhere has the spread blown out more than in the DAX30, where it usually is
right around 1 index point, last night was between 3 - 5 index points, and
currently sits at 2.5 index points … the only indices where spreads haven’t blown
out are the FTSE100, HS50, and some of the other European indices … all the
U.S. indices are simply fucking nuts … liquidity becoming a very big issue, as the
SP500 futures are at RECORD LOWS in terms of number of futures contracts
within ± 1 index point of the current price … 10 years ago it was about 8500
contracts … 3 years ago it was about 3,000 contracts … today it stands right
around 100 contracts … “thanks FED”!
One good algorithm buy signal in gold today … TURNKEY PAMM / MAM UP 0.1%.
I’m a little pissed at myself … first of all, I got up later than normal today, cuz
SOMEBODY reset the alarm [tooth fairy I’m certain], so I got to my screens around
4 AM EST … but no matter … gold had about 5 or 6 buy signals today, and the one
I took was good, and got good fills with no slippage and latency was excellent
… then I started “thinking” … yes I know, I’ve already got my ass chewed out, cuz
nobody but nobody is better at “hindsight trading” than the Mrs. … but anyway, I
digress … had other signals as the morning wore on and into the New York
session, but I didn’t like the setups … quite frankly, when ranges get as big as
they have been Friday & today, it’s not a great environment to trade, simply cuz
the data is all “skewed” to shit, and it’s like being out in the middle of the Pacific
Ocean on a raft and expecting to paddle to port in Hawaii … where are my
references? … right, you got NADA! … in any event, it should have been a more
profitable day, given the pure POWER of the trading algorithm.
This afternoon sell off we’re seeing in gold, I was looking for earlier today … call
it “follow through” selling from the “ass pounding” gold took on Friday, thank
you very much BOJ & “Peter Pan” Kuroda … was surprised earlier, that early
European trading action got price up to the 1610 level … in the days ahead, what
happens if price gets underneath the panic Friday low around 1562? … while the
Chumps who bought on the Sunday night open from 2/24, are probably gone,
what about the rest of the “goldbug” community who’ve been long a while now
from much lower price levels? … my guess is, their sell stops are sitting under
1560 - 1540 … the question is, though, where do the other central banks have
their bids? … dunno, that’s why we trade it!
Here in late afternoon, it looks like the daily is gonna put in a “doji”, reflecting
“uncertainty” … “yea, no shit” … until tomorrow mi amigos
… Onward & Upward!!
Have a great day everybody!
-vegas
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